The principal industries of Lipetsk include ferrous metallurgy, machinery, metalworking, machine tools, engines, chemicals, food, and clothing. The former steel combine was privatized in 1992 and
Novolipetsk Steel (NLMK ) with approximately 48,000 employees and a 64% export ratio (2005) is one of the largest employers in the oblast. In 2008, the company's revenue was $11.7 billion. Other industry are another metallurgical plant "Svobodny Sokol" ("Free Falcon"), a tractor factory LTZ, solvent-extraction plant Liboil (largest rapeseed oil producer in Central Federal District and the second in Russia), pipe factory, a factory for refrigerators and household appliances, an ice factory, lathe factory, chemical factories, etc. Industry is mainly located south of the
Voronezh River.
Transportation Since 1868, there is a railway connection between Lipetsk and Moscow. Trams, trolleybuses and buses provide local public transportation. In 2013, the municipality aspired to renovate the tramway network as it is largely segregated from motor traffic. It negotiated a 10-year, RUR 30 billion loan from the European Bank of Reconstruction & Development for tramway renewal.
Health care Lipetsk is one of the oldest
mud bath and
balneological resorts in Russia (first opened in 1805).
Peat mud and
chalybeate bicarbonate calcic springs are used to treat patients. Sulphate and chloride sodium water is used for therapeutic baths and drinking. ==Education==